Decision details

RECOMMENDED TO CABINET:

That Cabinet recommends that Council:

1.    Notes the position on the Collection Fund and how it will be funded.

2.    Notes the position relating to the General Fund balance and that due to the risks identified a minimum balance of £2.5 million is recommended.

3.    Notes the net revenue savings that are likely to be required in future years, combined with the Chief Finance Officer’s commentary on the reliability of estimates and the resilience index.

4.    Approves the revenue savings and investments as detailed in Appendix B.

5.    Approves a net expenditure budget of £18.123m, as detailed in Appendix C.

6.    Approves a Council Tax increase of 2.99%, which is in line with the provisions in the MediumTerm Financial Strategy.

REASONS FOR DECISIONS:

To ensure that all relevant factors are considered in arriving at a budget and Council Tax level for 2023/24. To ensure that the budget is aligned to Council priorities for 2023/24 as set out in the Council Plan.